Alibaba Group Holding Limited $BABA Shares Sold by Bamco Inc. NY

Bamco Inc. NY reduced its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 37.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 948,015 shares of the specialty retailer’s stock after selling 574,800 shares during the period. Bamco Inc. NY’s holdings in Alibaba Group were worth $107,514,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BABA. Kingstone Capital Partners Texas LLC raised its position in shares of Alibaba Group by 1,349,768.3% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 49,013,718 shares of the specialty retailer’s stock valued at $5,558,646,000 after purchasing an additional 49,010,087 shares during the last quarter. Norges Bank purchased a new stake in Alibaba Group during the 2nd quarter worth approximately $527,243,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Alibaba Group by 85.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,557,495 shares of the specialty retailer’s stock valued at $1,131,558,000 after purchasing an additional 3,947,460 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Alibaba Group by 43.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,595,269 shares of the specialty retailer’s stock worth $1,136,554,000 after buying an additional 2,584,480 shares during the last quarter. Finally, Axiom Investors LLC DE purchased a new position in shares of Alibaba Group in the first quarter worth $276,909,000. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Alibaba Group Stock Performance

NYSE BABA opened at $155.56 on Friday. The firm has a market capitalization of $371.18 billion, a P/E ratio of 21.49, a PEG ratio of 2.41 and a beta of 0.33. The stock has a 50-day simple moving average of $164.60 and a two-hundred day simple moving average of $141.15. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.46 and a current ratio of 1.46. Alibaba Group Holding Limited has a fifty-two week low of $80.06 and a fifty-two week high of $192.67.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Susquehanna upped their target price on Alibaba Group from $175.00 to $190.00 and gave the company a “positive” rating in a research report on Thursday, September 18th. Jefferies Financial Group boosted their price target on Alibaba Group from $178.00 to $230.00 and gave the company a “buy” rating in a research note on Monday, September 29th. CLSA increased their price objective on Alibaba Group from $155.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, October 2nd. UBS Group restated a “buy” rating and issued a $162.00 price objective on shares of Alibaba Group in a research note on Sunday, August 31st. Finally, Robert W. Baird upped their target price on Alibaba Group from $153.00 to $174.00 and gave the company an “outperform” rating in a research report on Wednesday, September 24th. Seventeen equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $194.00.

Alibaba Group Company Profile

Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others.